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Nov 9, 2004

Frontier Airlines Revises Fare Cap Policy


DENVER (November 9, 2004) - Frontier Airlines, Inc. (Nasdaq: FRNT) today raised its $299 fare cap in eight of its markets and in an additional four Florida markets on a seasonal basis. On average, the revised cap will represent approximately a 6.7 percent increase in the airline's highest fare class for fully refundable, walk-up fares. The company estimates that the new fare caps, which are intended to help offset historically high fuel prices, will impact only three percent of its customers.

"Frontier continues to be dedicated to offering the best value to our customers, providing a product that is second to none at fares that make air travel affordable," said Greg Aretakis, Vice President of Planning. "However, our ability to remain competitive in this market and to continue to offer an outstanding product and innovative pricing, is directly tied to how nimble we are and how quickly we can react and adapt to market changes. In the case of our fares, we capped them at $299 in January of 2004 at a time when fuel prices were still considered reasonable. Since then, Frontier and the entire industry have suffered a continual and steep increase in fuel prices and we have been forced to review our pricing structures in an effort to offset the additional fuel costs."

About Frontier
Currently in its 11th year of operations, Denver-based Frontier Airlines is the second largest jet service carrier at Denver International Airport with a fleet of 47 aircraft and employing approximately 4,500 aviation professionals. Frontier, in conjunction with Frontier JetExpress operated by Horizon Air, operates routes linking our Denver hub to 43 destinations in 26 states spanning the nation from coast-to-coast and to five cities in Mexico. Frontier's maintenance and engineering department has received the Federal Aviation Administration's highest award, the Diamond Certificate of Excellence, in recognition of 100 percent of its maintenance and engineering employees completing advanced aircraft maintenance training programs, for five consecutive years. In July 2004, Frontier ranked as one of the "Top 10 Domestic Airlines" as determined by readers of Travel + Leisure magazine. Frontier provides capacity information and other operating statistics on its Web site, which may be viewed at www.frontierairlines.com.

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